Taiwan’s Ministry of Justice has revealed that the government held 210.45 BTC in seized cryptocurrency as of October 31, positioning the country as the world’s eighth-largest known government holder of Bitcoin.
Legislator Ko Ju-Chun confirmed the figures, noting that the holdings resulted from successful law enforcement actions against crypto-related crimes.
Unlike countries that actively purchase Bitcoin for reserves, Taiwan’s holdings are incidental, accumulated through the confiscation of illicit proceeds. The disclosure comes amid strengthened efforts to modernize digital finance laws and combat money laundering and crypto scams.
Previously, seized digital assets were held in cold storage by individual prosecutors’ offices. However, rising crypto valuations have prompted the Ministry of Justice to centralize oversight and improve transparency.
Building on this, Taiwan’s Premier’s Office and central bank are evaluating a roadmap that could eventually test Bitcoin’s role in national reserves, using existing confiscated assets as part of a pilot program.
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